VENTURE CAPITAL POST

A German court sentenced a businessman to six years and nine months in prison for illegally exporting electronic components to Russian firms involved in the production of military equipment.

Putin endorsed and swiftly signed a law increasing taxes on Russia's wealthy to boost government revenues and stabilize finances due to the Ukraine conflict's US sanctions and military spending pressures.

Zelenskyy's plea for air defense and funding aid garners support from Scholz. G7 and Switzerland following his arrival in Berlin to call for solidarity amidst war with Russia.

China reiterated its call for a political resolution to the Ukraine war during Russian President Vladimir Putin's visit. President Xi Jinping recognized the need for any settlement to respect the security and sovereignty of all parties involved.

Republican lawmakers urged President Joe Biden to block a French company from collaborating on nuclear power projects with Russia's Rosatom.

The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine.

A Washington DC-based think tank said Russia will maintain its economic strength for another 18 months despite facing various challenges amid its war with Ukraine.

The US House of Representatives' approval of a $61 billion military aid package for Ukraine has garnered mixed reactions internationally, including a warning from Russia.

Superyacht sales plunged in 2023 due to long wait times, rising costs, and the withdrawal of Russian oligarchs amid sanctions, but American buyers are stepping in.

The US has approved Ukraine's emergency request to purchase spare parts and repair services for its HAWK missile systems.

Russia is reportedly considering Kazakhstan as a potential source of gasoline in the event of shortages aggravated by Ukrainian drone attacks on oil refineries.

Ukrainians can now start filing claims for damage to their homes as a result of Russia's invasion at a newly established register that opened Tuesday.

In another sign of warming ties between the two countries, Russia has reportedly begun supplying oil directly to North Korea in defiance of sanctions imposed by the United Nations (UN).

In what Kyiv described as the most devastating attacks against its energy infrastructure in two years of war, Russia pounded electrical power facilities in much of Ukraine on Friday.

Russian diesel fuel stranded at the sea was attributed to mostly Ukraine drone attacks on their oil refineries and heightened sanctions.